'Big Barda' Barney is coming for the Banks

These bailed-out banks are the true criminals of the country. Since they have been bailed out, we are hearing about the big bonus giveaways to execs, parties, and even CEO room decorations. But that was before the Obama Force came into picture.

Now with that power in place, Barney Frank is coming strong for these cretins. It is expected that next week, Big Barda Barney will bring in the heads of major bailed-out banks to testify before his committee. He is demanding bankers to provide Congress with information on how the bailout funds are being used.

I'm know this will be good TV, if the media is allowed in. Barney should get to the bottom of this in no time. I have a feeling they are doing more for themselves than the public. Get 'em Barney

Is It Over? I guess it is.

The super-billion dollar deal passed. Now Bush has to sign it and I guess the world starts back up.

The measure passed by 92 votes, 263 to 171, with the plan picking up support on both sides of the tracks. So in other words, the House realized their whining didn't pay off.

But there are a bunch of added stuff to this bill that could explain the real reasons why this bill was passed.

The Diva of board (Nancy Pelosi) said this: "We were dealt a bad hand; we made the most of it."

Pride IS a Deadly Sin

The fallout continues in the White House and on Wall Street. The Bailout Bill didn't pass even with the help of Mighty McCain swooping to help.

The package, which was backed by both the Democratic and Republican congressional leadership as well as President Bush, failed in the House by a vote of 228-205.

A majority of Democrats voted for the bill. A majority of Republicans voted against it. The Republican vote was more than 2-1 against the bill.

And what's worst is the fact that the GOP is blaming Pelosi for something she said.

House Minority Leader John Boehner said, "I think that we need to renew our efforts to find a solution that Congress can support. I do believe that we could have gotten there today had it not been for this partisan speech that the speaker gave on the floor of the House."

But what she said wasn't that serious and it shouldn't be that serious when it comes to protecting the country.

This is what she said: "the cost of the bailout is a number that is staggering, but tells us only the costs of the Bush administration's failed economic policies -- policies built on budgetary recklessness, on an anything-goes mentality, with no regulation, no supervision and no discipline in the system."

Really? Like I said, not that serious. But they want to blame her for its failure. If that's case, then those GOP folks are fools and reckless even with their dirty trophy, McCain "leading" them. It's just plan, foolishness.

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Keeping it Real: Barney Frank

You tell them, Barney!

Ooooh Weee, Rick Davis!

McCain, McCain, McCain!

One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month from the end of 2005 through last month to a firm owned by Senator John McCain’s campaign manager, according to two people with direct knowledge of the arrangement.

The disclosure undercuts a statement by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had had no involvement with the company for the last several years.

Mr. Davis’s firm received the payments from the company, Freddie Mac, until it was taken over by the government this month along with Fannie Mae, the other big mortgage lender whose deteriorating finances helped precipitate the cascading problems on Wall Street, the people said.

They said they did not recall Mr. Davis’s doing much substantive work for the company in return for the money, other than speak to a political action committee of high-ranking employees in October 2006 on the approaching midterm Congressional elections. They said Mr. Davis’s firm, Davis & Manafort, had been kept on the payroll because of Mr. Davis’s close ties to Mr. McCain, the Republican presidential nominee, who by 2006 was widely expected to run again for the White House.

Mr. Davis took a leave from Davis & Manafortfor the presidential campaign, but as a partner and equity-holder continues to benefit from its income. No one at Davis & Manafort other than Mr. Davis was involved in efforts on Freddie Mac’s behalf, the people familiar with the arrangement said.

A Freddie Mac spokeswoman said the company would not comment.

Jill Hazelbaker, a spokeswoman for the McCain campaign, did not dispute the payments to Mr. Davis’s firm. But she said that Mr. Davis had stopped taking a salary from his firm by the end of 2006 and that his work did not affect Mr. McCain.

Look at that! It seems that McCain don't know much about his team. His CM was a part of this mess! And McCain just said Sunday: "Davis has had nothing to do with it since, and I'll be glad to have his record examined by anybody who wants to look at it."

Well dig up those records, Jonny! I want to see them!

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